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Bloomberg47d agoneutral
FIFA Emerges Even Richer From a World Cup of Controversies

(Bloomberg) -- With the dust settling on another World Cup squabble, one thing is already clear: FIFA boss Gianni Infantino is looking stronger than ever. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentences Official to Death Over $325 Million in BribesT

Bloomberg47d agoneutral
Mag 7 Loses Market Swagger as AI Trade Spreads Beyond Behemoths

(Bloomberg) -- For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentenc

Value Investing’s Comeback Is Just a Quirk (for Now)
The Wall Street Journal47d agoneutral
Value Investing’s Comeback Is Just a Quirk (for Now)

MARKETS AM NEWSLETTER Blowout results from Korean chip maker Samsung fell flat as investors got cold feet about sky-high prices for memory stocks. Tech stocks look set to open lower on the very day that SpaceX will appear in the most popular vehicle U.

US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
InvestorsHub47d agoneutral
US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street

US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street recordsBy 03:02 ET (07:02 GMT), futures linked to the Dow Jones Industrial Average were little changed.

What to Know as SpaceX Joins the Nasdaq-100
The Wall Street Journal47d agoneutral
What to Know as SpaceX Joins the Nasdaq-100

SpaceX officially joins the Nasdaq-100 today, and investors holding some funds tied to the index will end up exposed, whether they like it or not. Mutual and exchange-traded funds with $800 billion in assets under management are expected to buy SpaceX shares in order to mirror the index’s performance. SpaceX will be a small component in the Nasdaq-100, for now.

Tech Weekly: Tesla's surge, robot footballers target glory
Reuters Videos47d agobullishVIDEO
Tech Weekly: Tesla's surge, robot footballers target glory

<body><p>STORY: From Tesla driving up sales to robot footballers competing in their own competition...</p><p>This is Tech Weekly.</p><p>:: Tech Weekly</p><p>Tesla beat Wall Street estimates when it posted record second-quarter deliveries.</p><p>The electric vehicle maker delivered more than 480,000 vehicles between April and June - up about a quarter from a year ago.</p><p>The results were partly driven by a rebound in Europe.</p><p>China was another bright spot, although demand was still under pressure in the U.S.</p><p>The World Cup witnessed a technological first during Norway's 2-1 win over Brazil in the Round of 16.&nbsp;</p><p>An advanced humanoid robot called Atlas delivered the match ball to the referee at half-time.</p><p>The robot was developed by U.S. firm Boston Dynamics and presented by tournament sponsor Hyundai Motor.</p><p>Atlas can&nbsp;impersonate famous goal celebrations, including Norway striker Erling Haaland's meditation pose.</p><p>While Atlas delivered a ball, robots in South Korea showed they could actually play soccer.</p><p>They competed at the finals of RoboCup 2026 in Incheon - a major robotics and AI competition.</p><p>Organisers said more than 3,000 competitors from 45 countries took part, and many teams reportedly used platforms developed by China's Booster Robotics.</p><p>The robots stumbled around and collided with rivals but got back up to keep playing, with Team Hephaestus of Tsinghua University winning the contest.</p><p>Google lost its long fight against a record $4 billion plus fine imposed by the EU eight years ago.</p><p>The European Commission had punished the tech giant for its dealings with phone manufacturers.</p><p>The phone makers were forced to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices - and prevented from using rival systems.</p><p>A Google spokesperson said the judgment didn't account for its efforts to make sure Android is open, interoperable and free.</p><p>And customers at the Lounge X coffee shop in Seoul are now assisted by a robot named Baris.</p><p>Its a technological sight which has become more common across South Korea.</p><p>Lounge X CEO Kim Dongjin said the firm turned to robots and self-service to overcome rising labor costs.</p><p>Kim says his company runs eight such unstaffed 24-hour coffee shops across South Korea, while four stores are still operated by humans.</p></body>

Bloomberg47d agobullish
A Once-Great Copper Miner Faces a Reckoning Just as AI Power Demand Soars

(Bloomberg) -- As global demand for copper surges, one of the world’s biggest miners finds itself in a precarious state.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentences Official to Death Over $325 Million in BribesChile’s state-owned Codelco, long th

📉Global AI Stocks Tumble
The Wall Street Journal47d agobearish
📉Global AI Stocks Tumble

U.S. chip shares trade sharply lower premarket, extending the reach of a global wobble in artificial intelligence-related stocks following Samsung's quarterly update. Micron Technology and Intel fell around 6% and 4%, respectively Applied Materials and Lam Research, both major suppliers to Samsung--each lost around 5%.

Reuters47d agoneutral
China-based Apple supplier Luxshare sets Hong Kong listing at top of range, raises over $3 billion

China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong ‌Kong listing at the top end of ‌its marketed range, raising about HK$24.27 billion ($3.09 billion). Here are some of ​the details: • The Shenzhen-listed Apple supplier said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares. Luxshare wrote in its ‌prospectus that the proceeds ⁠would be used to expand manufacturing capacity in automotive and consumer electronics, fund ⁠AI-driven factory upgrades, pursue acquisitions, repay debt and support working capital.

Bloomberg47d agoneutral
Michaels Crafts an Unlikely Comeback Under Apollo

(Bloomberg) -- When Michaels Cos. tapped a new CEO in early 2025, the company’s chairman, 25-year Apollo Global Management Inc. veteran Andrew Jhawar heralded the moment as “an exciting period of opportunity” for the retailer.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Mar

Will Someone Finally Blink in the AI Spending War?
The Wall Street Journal47d agoneutral
Will Someone Finally Blink in the AI Spending War?

Big tech reining in its AI spending may be a tantalizing prospect for some. Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that combined capital spending by Google, Microsoft Amazon com and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.

Bloomberg47d agobearish
China Watchdog Monitoring US Lawsuit Over Insider Trading Claims

(Bloomberg) -- China’s securities regulator said it was monitoring developments in a US lawsuit after Susquehanna International Group alleged insider traders made at least $100 million from well-timed options bets before Beijing’s recent crackdown on illegal cross-border trading. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last M